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, hi, there, thomas. it seemed like forget hope for getting a big deal done in the arena of $4 tril john lion in tt decade was dwindling, but republicans would not accept a deal that big and they wanted $2 trillion over the next decade, but as you mentioned president obama came out today swinging, upping the ante saying he does indeed want a big deal done and if not now, when? and he essentially tried to assume the position of the adult in the room calling on the lawmakers to rip off the band-aids and eat the peas and call to action for democrats and republicans and calling the democrats to come to the table for entitlement reforms, and the republicans for rolling back the tax breaks for wealthy americans and big corporations, and it seemed like at the last of last week, the president and the speaker boehner may have been moving in the same direction, but then speaker boehner said we cannot support anything that looks like a tax increase. and so the president addressed that in his conversation today, and he said that any tax brea increases would not take effect immediately. >> when
a big deal. so what is a big deal? white house officials tell me anything over $2 trillion, but he is pushing for more in the area of cuts that would equal $4 trillion over the next 10 to 12 years. now, this all comes against the backdrop of a report today in the "washington post" saying thatm president obama is putting social security on the table along with medicare and medicaid and when we asked the white house about this, they said, look, this is not news. the president has always supported the idea of small cuts in those entitlement programs to make them more effective as long as the cuts didn't impact beneficiaries and having said that some folks on the hill say there are some scenarios which would see a major overhaul of the entitlement programs, but the white house says they would not want to see anything to overhaul the main programs. but one of the sticking points here, thomas, is taxes. democrats want to see a rollback in tax credits for the wealthy americans and in big corporations, and the republicans have said no way, we don't support anything that looks like a tax in
to respond. >> i think that i would describe it as dire. and we have three really big problems. we have a spending problem. we have a debt problem. and we have a jobs problem. >> wall street's reaction to all of this a sea of red there. you see the dow down 103 points, and the s&p down as well as the nasdaq. joining me is washington post columnist ezra klein who is also an msnbc contributor, and ezra, thank you for your time, and let's look at the big picture here, because this big number here, you can use the words disappointing and abysmal, and unsettling, and that is not good news for the obama administration, and what do you say? >> i use stronger words than that terrible. it is larger than the obama administration, because we see that the economy is not recovering. since march, we have added 540,000 people, and that is not a slow recovery, but the opposite of recovery, backsliding. meanwhile, washington is caught in the same narrow arguments, and john boehner says debt and spending. no, we need to focus now on jobs and we need to make that priority number one and not endlessly argu
at the top of the of the hour, the case against the noted french big wig dominique strauss-kahn on the edge of collapse as we hear from the attorney of the woman who says he attacked her. >>> and embrace the race of 2012. now, back to tamron. >>> well, monaco's marriage of prince albert and charlene woodstock went ahead at the palace. it marks the first marriage of the reigning prince in 50 years. it started with appearances by president sarkozy and designer armani, and michelle kosinski joins us, and i have to say that your dress is stunning. you look fantabulous, but one of the requirements was that you had to wear a cocktail dress, right? >> yes sh, to get anywhere neare restricted areas and the wedding you have had to have a cocktail attire, and the male press had to wear all black, which was rare, because it was all hot here today. and before of the ceremony, you could see everyone fanning themselves, because it has a beautiful islandy mediterranean feel and absolutely beautiful day with blue sky and blue water and blue bloods, lots of them inside to see this ceremony and how strange,
out as quickly as we expected, and so that's continued to be a big drag on the economy. we've had to revamp our housing programs several times to try to help people stay in their homes and try to start lifting home values up, but of all the things we've done, that's probably been the area that's been most stubborn to us trying to solve the problem. >> mr. president, 27% of our questions are in the jobs category, as can you see from the screen over here. how next question has to do about jobs and technology. it comes from david. tech and knowledge industries are thriving, yet jobs discussion always centers on manufacturing. why not be realistic about jobs? >> it's not an either/or question. it's a both/and question. we have to be successful at the cutting edge industries of the future like twitter. but we also have always been a country that makes stuff, and manufacturing jobs end up having both higher wages typically, and they also have bigger multiplier effects, so one manufacturing job can support a range of other jobs, suppliers and restaurants near the plant and so forth so th
update on the situation in mumbai. >>> now to our other top story, several big developments in the explosive hacking scandal threatening rupert murdoch's media empire. earlier today, news corp suddenly called off its $12 billion bid to take over british sky broadcasting, the largest satellite broadcaster and hours before parliament was scheduled to vote against that deal. also today, prime minister david cameron said he would look into allegations that 9/11 victims were targeted in the scandal and here at home, new york senator jay rockefeller wants the fbi to look into whether the scandal has crossed the pond. rockefeller and others want to know if news corp's papers have broken u.s. laws and spied on people here in the states. nbc's stephanie gosk joins us now from london. there was pressure for news corp to pull out of this deal, and they caved into the pressure here. >> reporter: british politicians are much like american politicians, don't agree on much, but came together over this issue. they felt that murdoch needed to back off of this deal, a multi-billion deal to ac
Search Results 0 to 5 of about 6